and then the debt is stuck, because you get a rate hike into a lowing economy. that's a disaster scenario. markets collapse, maybe china slows. maybe you get more spreading in europe. on the upside, people have a lot of money saved. it's really quite interesting. we are seeing behavior in the u.s. savings rates amongst the u.s. population we haven't seen in decades. americans have been putting a lot of money under the mattress, so folks are not in a bad spot in terms oh of that. >> and memorial broadly in terms of the variant itself and some of the industries impacted. we all know that travel and pos -- hospitality just starting to recover. but sometimes it's whole countries. places like cuba that were just going to start allowing international visitors, having to deal with this. how much will the drag of this